BNET Industries
- Private
- US
Dow Jones Description
PBGC is a federal corporation created by the Employee Retirement Income Security Act of 1974. It currently protects the pensions of 44.1 million American workers and retirees in 30,330 private single-employer and multiemployer defined benefit pension plans. PBGC receives no funds from general tax revenues. Operations are financed by insurance premiums set by Congress and paid by sponsors of defined benefit plans, investment income, assets from pension plans trusteed by PBGC, and recoveries from the companies formerly responsible for the plans.
Contact Information
Office of the General Counsel
1200 K Street, N.W.
Washington, District of Columbia 20005-4026
(202) 326-4400
Peer Companies
NAICS Code Pension Funds: 525110
Recent Events
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Congress wants Delphi pension situation to be 'fixed'
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Pension Benefit Guaranty Corporation PBGC Selects Siteworx for Web site Evaluation and User Experience Enhancements
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Blue Wolf Exec to Head U.S. Pension Agency
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Hayes Lemmerz strikes deal with PBGC, retirees
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Delphi retirees head to D.C.: Group will have hearing on lost benefits before Senate committee
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The PBGC strikes again
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NC's Hanesbrands boosts pension plan guarantees
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BRIEF-U.S. pension agency reaches $13.8 mln agreement with Hanesbrands
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Suit filed by ex-Delphi salaried group
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Time for true pension reform Politico
News & Analysis
Filter by
administration and pension benefit guaranty corp. - All News and Analysis
Keeping pension promises
- 2005-12-01
The Financial Accounting Standards Board FASB has approved a project to overhaul accounting for pension plans and other employee-retirement benefits. The accounting and reporting issues involved touch on the measurement of assets and liabilities, consolidation, and reporting of financial performance. In a unanimous vote in mid- November, the accounting...
Employers critical of Bush pension plan
- 2005-04-15
Employer groups applaud the Bush administration for tackling the woes of the defined benefit system, but they are worried how changes will impact plan sponsors. The American Benefits Council, American Council of Life Insurers, Business Roundtable, ERISA Industry Committee, National Association of Manufacturers and U.S. Chamber of Commerce all...
Washington: Profitable plans would pay price for Bush PBGC bailout; Researchers at Watson Wyatt say the administration's proposal could doom healthy defined benefit funds.(News)
- 2005-04-04
Byline: Vineeta Anand WASHINGTON - The Bush administration's proposal to encourage employers to fully fund their pension plans and shore up the PBGC seems likely to backfire. The administration's goal was to ensure that companies set aside enou Byline: Vineeta...
Labor secretary outlines plan for pension funding reform.(News)(Interview)
- 2005-03-28
Byline: JERRY GEISEL WASHINGTON-The Bush administration is stepping up its efforts to drum up employer support for its pension funding reform package. Reaching out to employers, Labor Secretary Elaine Chao, in an interview last week with Busines Byline: JERRY GEISEL ...
Pension reform: White House might be in mood to deal; Bush administration considers making concessions to get sponsors' support.
- 2005-01-24
Byline: Vineeta Anand WASHINGTON - Less than two weeks after unveiling an ambitious pension reform package, senior Bush administration officials are hinting at concessions they're willing to give employers to make the stringent proposals palatable Byline: Vineeta Anand WASHINGTON -...
Plan of attack.(pension plans need overhaul)(Editorial)
- 2004-10-18
Whichever presidential candidate prevails Nov. 2, pension policy needs a swift overhaul. That's especially true in the defined benefit arena, if only to better secure the benefits of the legacy plans in deeply underfunded positions. A new policy, of Whichever presidential candidate prevails Nov. 2,...
Opportunity in funding crisis.(Editorial)
- 2003-08-04
With the House version of pension reform uncertain because of bitter partisan acrimony, the Bush administration should try to revise the proposal. Even its own ideas need reconsideration. First, the administration should scrap its idea of using cor With the House version of pension...
THE WHITE HOUSE: Clinton-Gore legislation -- Helping more Americans to a secure and comfortable retirement.
- 1999-02-12
M2 PRESSWIRE-12 February 1999-THE WHITE HOUSE: Office of the Press Secretary -- The Clinton-Gore administration's pension legislation -- Helping more Americans to a secure and comfortable retirement C1994-99 M2 COMMUNICATIONS LTD RDATE:110299 "We know the most secure retirement belongs to retirees...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Glenn D. Gunnels | |
| Sherray Gibson | Senior Administrative Assistant |
Glenn D. Gunnels focuses his practice on all areas of employee benefits and executive compensation, including qualified and nonqualified retirement plans, welfare benefit plans, stock option plans, deferred compensation arrangements and executive employment agreements. Mr. Gunnels regularly advises corporate clients on compliance issues with respect to the U.S. Department of Labor, the U.S. Internal Revenue Service, and the Pension Benefits Guaranty Corporation. He has extensive experience with qualified retirement plans including 401(k), ESOP, and defined benefit plans; welfare benefit plans including COBRA and HIPAA issues; incentive compensation plans including stock options, supplemental retirement plans, and bonus arrangements; and employment agreements, including non-compete and confidentiality agreements. Mr. Gunnels also coauthored a chapter on retirement benefit considerations for LLCs for the book Limited Liability Companies in Kentucky.
| Organization | Position | Status |
|---|---|---|
| Schiff Hardin Llp | Partner | Current |
| U.S. Internal Revenue Service | Current | |
| Pension Benefit Guaranty Corporation | Current |
| Organization | Position | Status |
|---|---|---|
| Ncna | Administrative Assistant | Current |
| Pension Benefit Guaranty Corporation | Senior Administrative Assistant | Current |
Industry Transcripts by Seeking Alpha
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Navios Maritime Holdings Inc. Q3 2009 Earnings Call Transcript
on Nov 18, 2009about NM
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Progressive Corp. Q3 2009 Earnings Call Transcript
on Nov 11, 2009about PGR
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Nelnet Inc. Q3 2009 Earnings Call Transcript
on Nov 10, 2009about NNI
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American Apparel Q3 2009 Earnings Call Transcript
on Nov 10, 2009about APP
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MBIA Inc. Q3 2009 Earnings Call Transcript
on Nov 10, 2009about MBI
Glass Door
Financial Services Industry Companies
| Company | Employer Rating |
| Wells Fargo |  |
| U.S. Bank |  |
| Bank of America | |
| Wachovia | |
| JPMorgan Chase | |
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